The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst’s Dire Bitcoin and XRP Forecast Goes Viral – BTC, Ethereum, EOS, Tron Newsflash

by Daily Hodl Staff
November 30, 2019
in Bitcoin

From a dire forecast for both Bitcoin and XRP to the Ethereum-EOS-Tron battle for crown of decentralized apps, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin and XRP

A crypto analyst’s grave warnings about Bitcoin and XRP are spreading throughout crypto circles and across media outlets like wildfire.

The trader, known in the industry as Magic, tells his 30,600 followers on Twitter that Bitcoin may trend higher in a short-lived relief rally.

But after the upswing, Magic believes the confirmation of a head and shoulders pattern, which is used to predict trend reversals, will mark the start of a dramatic reversal.

I think BTC is going to the 1000 range. It will probably take a while to get there, but based on everything I see right now, I think that is the most likely target. That would be great for crypto too. It would destroy investors and projects, and that's exactly what we need.

— MAGIC (@MagicPoopCannon) November 28, 2019

Magic says the fallout would create a tidal wave of red throughout the crypto markets and hammer XRP.

“While I love XRP (and I do believe that it is superior to all other cryptocurrencies) if BTC falls to the 1000 range as I’m currently anticipating, I think XRP could simultaneously fall to 0.03. I hate to report that, but that’s what the charts suggest, if BTC falls to 1000.”

Magic also questions Ripple’s business model, saying the company would do a better job of boosting XRP if it required customers to use the digital asset for payments.

“On the topic of XRP, it bothers me that Ripple built a business model that can thrive without XRP. They could have forced clients to use ODL for cross-border payments, but clients can benefit from Ripple’s cross-border solutions without XRP. Common knowledge. I just don’t like it.

Other than that, I am a big fan of Ripple and XRP, and I think they have one of the best projects in the space.”

Meanwhile, new analysis from Bloomberg predicts Bitcoin will reach $8,000 in the short term.

The analysis is based on the GTI VERA Convergence Divergence indicator, which utilizes typical moving average convergence divergence (MACD) and attempts to identify increased volatility and delete excess noise.

Ethereum, EOS, Tron

The dollar value of cryptocurrency flowing through EOS-based decentralized apps (DApps) is ahead of both Ethereum and Tron.

According to DappReview, $10.9 million worth of EOS moved through DApps on the network in the last 24 hours, compared to $3.1 million worth of TRX and $3 million worth of ETH on their respective networks.

https://twitter.com/dapp_review/status/1200414142764638209

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Avail Goes Full Stack To Capture $300 Billion Global Blockchain Infra Market
    June 17, 2025
  • Fans Hash Launches Zero-Barrier Cloud Mining With Daily Payouts and Global Pool Access
    June 16, 2025
  • Universal Digital Inc. Announces Bitcoin Treasury Strategy Across North America and Asia
    June 16, 2025
  • FIFA Rivals Launches Worldwide, Bringing Non-Simulation Arcade Football Action to Mobile Devices
    June 12, 2025
  • Polemos Announces TGE and a Game-Changing Strategic Partnership With BUFF Accelerating Web 3.0 Adoption
    June 12, 2025
  • Bitpanda Opens the Gate to Web 3.0 With Vision (VSN)
    June 12, 2025
  • tBTC Launches on Starknet, Expanding Bitcoin’s Role in Multi-Chain DeFi
    June 11, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$105,564.28
$105,564.28
1.06%
Ethereum
$2,551.56
$2,551.56
2.4%
BNB
$654.02
$654.02
0.21%
Solana
$149.97
$149.97
3.39%
XRP
$2.21
$2.21
2.24%

Spotlight

  • $947,000 Allegedly Stolen From Wells Fargo ATM Machines As Employee Scrambles To Cover Trading Losses: Report
    June 10, 2025
  • Nasdaq Includes XRP, Stellar (XLM), Solana (SOL) and Cardano (ADA) in Firm’s Crypto Index
    June 10, 2025
  • BlackRock Bitcoin Fund Flies Past $70,000,000,000 Faster Than Any Other ETF in History: Bloomberg Analyst
    June 10, 2025
  • Man Sentenced to Federal Prison for Leading Widescale Check Fraud Scheme That Resulted in $165,743 in Losses
    June 10, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl